AUD/JPY – 2H – BUY

The 2H AUD/JPY signal fires a BUY with 83% probability and strong strength, driven by a cluster of bullish triggers: a Trendline Break Down followed by a Trendline Retreat Up, a Double Top pattern with a retreat up, a BOP Zero Cross Up, STOCHF KD Cross Up, BBANDS MIDDLE Cross Up, and EMA 200 Retreat Up. These signals suggest that after a downward move, price has reversed off key levels, with momentum indicators turning upward and price reclaiming the middle Bollinger Band and the 200 EMA on the 2H chart. The confluence of trendline, chart pattern, and indicator signals points to a potential bullish reversal within the 2H timeframe.

However, the broader trend across all timeframes remains bearish, with the 1D showing a solid downtrend (3/5) and most intraday timeframes bearish. The bullish signals are counter-trend on the higher timeframes, which increases the risk of a bounce that fades. The nearest resistance at 112.74900 is a key hurdle; a break above could confirm the reversal, while the nearest support at 112.13400 is critical to hold. The signal's strength suggests short-term momentum, but traders should watch for confirmation on higher timeframes.